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...Steve Morgan, who founded Redrow as a small contractor focused on drainage in 1974 and is still its largest shareholder with a 16 per cent stake, has agreed to support the deal....
...David Ludwig, global head of ECM at Goldman Sachs, said investors were still being careful over valuations....
...No outside contractor had been willing to take on Nigerian risk, he said, so he had to design and build the whole thing in-house. “We didn’t cut costs. We didn’t cut corners,” he said....
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...The French company has said it is preparing for a “significant reduction in manufacturing activity” and consulted on more than 1,300 job losses including permanent staff and contractors....
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...It has delivered the kind of David vs Goliath battle that this year’s football FA Cup has notably failed to produce....
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...It has expanded into areas such as invoice financing and credit cards, and acquired a business that connects customers with professional contractors....
...David Lockwood, Babcock CEO, said the “importance of applying our extensive knowledge and longstanding experience is being recognised through this contract award”....
...The non-disclosure agreements they are required to sign, usually at the behest of contractors like Sama, forbid them from sharing details of their work even with their families....
...Nearly 90 per cent of construction companies are struggling to hire workers, according to Associated Builders and Contractors, a US industry lobbying group....
...“The momentum dies when deal performance dies and that’s what you’ve seen,” said David Erickson, a former equity capital markets banker and lecturer at the University of Pennsylvania....
...Meanwhile, four former prime ministers — Gordon Brown, David Cameron, Theresa May and Boris Johnson — have urged him to complete the route. “It’s just stubbornness,” said one ministerial aide....
...The third-party contractor had “let us down”, O’Shea said, but he conceded that he was ultimately accountable....
...Meanwhile, as a “just in time” production approach was employed over the past few decades, US contractors were discouraged from having excess capacity that might be needed in the event of a supply chain...
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